OpenAI will deploy 6 gigawatts’ worth of AMD graphics processing units over multiple years, according to the pact, which is just over half the size of an agreement the AI startup recently reached with Nvidia. It also sets the stage for OpenAI to acquire a large stake in the chipmaker.
Advanced Micro Devices Inc landed a blockbuster deal with OpenAI to build artificial intelligence infrastructure, giving the chipmaker a chance to show it can mount a challenge to Nvidia Corp. in the AI computing industry.
AMD shares soared 24% to US$203.71 after the agreement was announced Monday, adding US$63.4 billion to the company’s market valuation. It’s now worth US$330.6 billion, more than Coca-Cola Co, General Electric Co or Chevron Corp.
